MIRA INFORM REPORT

 

 

Report Date :

02.08.2014

 

IDENTIFICATION DETAILS

 

Name :

ORGANIC OILS ITALIA S.R.L.

 

 

Registered Office :

Strada Di Montebuono,  12/B Frazione Mugnano,

06132- Perugia (Pg)

 

 

Country :

Italy

 

 

Date of Incorporation :

04.12.2012

 

 

Legal Form :

Sole-Member Limited Liability Company

 

 

Line of Business :

Engaged in production of refined and Crude Oil from Oily Seed and fruits from Non-Own Productions

 

 

No of Employees :

17

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear 

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Italy

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

Italy ECONOMIC OVERVIEW

 

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.

 

 

Source : CIA

 

 

Company name & address

 

Organic Oils Italia S.r.l.

 

Strada Di Montebuono,  12/B FRAZIONE MUGNANO

 

06132 - Perugia (PG) -IT-

 

 

Summary

 

Fiscal Code

:

03299640544

Legal Form

:

Sole-Member Limited Liability Company

start of Activities

:

01/01/2013

Turnover Range

:

2.250.000/3.000.000

Number of Employees

:

17

 

 

Activity

 

Engaged in production of refined and Crude Oil from Oily Seed and fruits from Non-Own Productions

 

Legal Data

 

Legal Form : Sole-Member Limited Liability Company

Fiscal Code : 03299640544

 

Chamber of Commerce no. : 278981 of Perugia since 18/12/2012

 

V.A.T. Code : 03299640544

 

Establishment date

: 04/12/2012

Start of Activities

: 01/01/2013

Legal duration

: 31/12/2050

Nominal Capital

: 10.000

 

Subscribed Capital

: 10.000

 

Paid up Capital

: 10.000

 



Members

 

Ki Group S.p.a.

 

 

 

 

 

Residence:

 

Di Settimo

, 399/11

- 10156

Torino

(TO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole partner

04/12/2012

 

 

 

Prejudicial Events found with cancellations*

 

Legal Mortgage - 20/02/2007. - 860.501 Euro. Event writing-off

  RISCOSSIONE UNO S. P. A.

 

No Protests registered

 

Rossi

Thomas

 

 

Born in Monza

(MB)

on 03/02/1973

- Fiscal Code : RSSTMS73B03F704V

 

 

Residence:

 

Don Minzoni

, 1

- 47034

Forlimpopoli

(FO)

- IT -

 

Position

Since

Shares Amount

% Ownership

Sole Director

18/04/2014

 

 

 

Prejudicial Events found with cancellations*

 

Distraint - 16/07/2008. Event writing-off

  BANCA MONTE DEI PASCHI DI SIENA S. P. A.

 

No Protests registered

 

Ki Group S.p.a.

 

 

 

 

Position

Since

Shares Amount

% Ownership

Partner

 

 

 

 

Prejudicial Events found with cancellations*

 

Legal Mortgage - 20/02/2007. - 860.501 Euro. Event writing-off

  RISCOSSIONE UNO S. P. A.

 

No Protests registered

 

*Concerns also partially erased events.



Companies connected to members *

 

*checkings have been performed on a national scale.

 

In this module are listed the companies in which members hold or have holded positions.

 

Rossi

Thomas

 

Firm's Style

Seat

Fiscal Code

Position

Position Status

Firm's Status

Medikare S.n.c. Di Rossi Thomas E GaroiaMirella

Forlimpopoli (FO) - IT -

02400380404

Partner

Active

Registered

Medikare S.n.c. Di Rossi Thomas E GaroiaMirella

Forlimpopoli (FO) - IT -

02400380404

Partner

Active

Registered


The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.

For more information, in this case, we advise to request further investigations.



Capital Shareholders

 

Shareholders' list as at date of data collection:

Firm's Style / Name

Seat / Residence

Fiscal Code

Owned Shares

% Ownership

Ki Group S.p.a.

Torino - IT -

03056000015

 

100,00



Direct Participations

 

The Company under review has no participations in other Companies.

 

Firm's location and structure

 

In order to carry out its activities the firm uses the following locations:

 

-

Legal and operative seat

 

 

 

 

 

 

 

Di Montebuono

, 12/B

- 06100

- Perugia

(PG)

- IT -

 

 

 

 

Employees

: 17

 

 

 

 

 

 

Historical Information and/or Firm's Status

 

Protests

Protests checking on the subject firm has given a negative result.



Data Base Prejudicial Events Search

 

Search performed on a National Scale

 

 

 

Prejudicial Events Search Result: NEGATIVE

 

Search performed on a specialized data base.



Legal Procedures

 

None reported, standing to the latest received edition of the Official Publications.



Financial and Economical Analysis

 

Subject's activity began a few years ago.

Current liquidity is sufficient and allows a reduced recourse to

supplier and bank credit.

Hereby, the enterprise showed a certain regularity in meeting

its engagments.

Current indebtedness rate isnt' very high. Limited recourse to

bank and supplier credit.

No irregularities are registered.

Trade behaviour is said to be correct. Usual suppliers say that no

difficulties worthy of note are encountered as to payments.

Financial Data

 

 

Estimated Financial Data

 

Item Type

Value

Sales

2.550.000


Market / Territory Data

 

Population living in the province

:

632.420

Population living in the region

:

858.938

Number of families in the region

:

331.385

 

Monthly family expenses average in the region (in Eur..) :

 

- per food products

:

508

- per non food products

:

1.747

- per energy consume

:

125



Sector Data

 

The values are calculated on a base of 157 significant companies.

The companies cash their credits on an average of 72 dd.

The average duration of suppliers debts is about 69 dd.

The sector's profitability is on an average of 3,24%.

The labour cost affects the turnover in the measure of 6,70%.

Goods are held in stock in a range of 66 dd.

The difference between the sales volume and the resources used to realize it is about 1,07.

The employees costs represent the 6,14% of the production costs.



Statistical Detrimental Data

 

Statistically the trade activity shows periods of crisis.

The area is statistically considered remarkably risky.

In the region 7.230 protested subjects are found; in the province they count to 5.173.

The insolvency index for the region is 0,85, , while for the province it is 0,83.

Total Bankrupt companies in the province : 2.808.

Total Bankrupt companies in the region : 3.572.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.85

UK Pound

1

Rs.102.69

Euro

1

Rs.81.46

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

MNL

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

--

NB

                                       New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.